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Framework governing Clearing Corporations for BCP & DR, Cyber Security & outsourcing activities by LPCC

November 6, 2020 714 Views 0 comment Print

LPCC has been permitted to enter into outsourcing agreements with existing Clearing Corporations for the purpose of using their core and critical IT support infrastructure / activities for running the core activities (transaction process, clearing and settlement) of the LPCC and related operations.

Investor Grievance Redressal Mechanism

November 6, 2020 12012 Views 0 comment Print

Securities and Exchange Board of India SEBI/HO/MIRSD/DOC/CIR/P/2020/226 November 06, 2020 To, The Managing Director/Executive Director, All Stock Exchanges Dear Madam/Sir, Subject: Investor Grievance Redressal Mechanism 1. In order to further strengthen the Investor Grievance Redressal Mechanism, based on feedback received from market participants and Working Group constituted for the purpose, the following are issued as […]

CBIC notifies Rate of Exchange of Foreign Currencies wef 6.11.2020

November 5, 2020 1629 Views 0 comment Print

CBIC notifies Rate of Exchange of Foreign Currencies against India Rupees wef 6th November, 2020, vide Notification No. 105/2020-Customs (N.T.), Dated: 5th November, 2020. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) ***** Notification No. 105/2020-Customs (N.T.) New Delhi, dated the 5th November, 2020 14 Kartika 1942 (SAKA) […]

Salary refunded to comply with legal requirements of law cannot be taxed

November 4, 2020 5640 Views 0 comment Print

DCIT Vs Shri Rajamannar Thennati (ITAT Ahmedabad) The assessee was employed with Sun Pharma Advance Research Co. Ltd. as whole time director of the company with maximum salary of Rs. 3.5 crores as per the resolution passed in the annual general meeting of the company dated 31st July, 2012. Since there was limit for payment […]

GST TRAN-1 Form Revision application rejection without hearing arguments was unjustified

November 3, 2020 2673 Views 0 comment Print

R.P. Foam Pvt. Ltd. Vs Union of India (Allahabad High Court) In view of the submissions made at the bar and on perusal of the order dated 22.1.2020, it is clear that the rejection of the application is based upon the understanding that the GST TRAN-1 could not be filed on account of technical glitch […]

Waste collection, segregation, treatment, disposal services falls under SAC 9994

November 3, 2020 27390 Views 0 comment Print

In Re M/s. Sumeet Facilities Limited (AAR GST Tamil Nadu) 1. What is the classification for supply of services by the Applicant relating to waste collection, segregation, treatment, transportation and disposal services under the service agreements entered with both concessionaries in terms of notification 11/2017- C.T.(Rate) dated 28th June 2017? The supply of services by […]

Weekly newsletter from Chairman, CBIC dated 02/11/2020

November 2, 2020 834 Views 0 comment Print

The month of November has commenced on a very heartening note. Gross GST revenue for the month of October, 2020, has touched Rs. 1,05,155 crore which is 10% higher than the GST revenue in the same month last year.

RBI direction on Opening of Current A/cs – Bank to comply by 15.12.2020

November 2, 2020 2034 Views 0 comment Print

We have since received several references from banks seeking clarifications on operational issues regarding maintenance of current accounts already opened by the banks. These references are being examined by the Reserve Bank and will be clarified separately by means of a FAQ.

Preliminary status of Students registered till 27th Oct for CSEET Scheduled on 21.11.2020

October 31, 2020 663 Views 0 comment Print

Please note that the preliminary status of students registered up to 27th October 2020 for the CSEET scheduled to be held on 21St November 2020 has been made available at the following link:

FAQs on Aadhaar Authentication while registering on GST Portal

October 31, 2020 23982 Views 1 comment Print

Aadhaar Authentication – Selection as Yes Q.1 I have opted ‘Yes’ for Aadhaar authentication while registering on the GST Portal. What will happen next? Ans: Once you have opted ‘Yes’ for Aadhaar authentication while registering on the GST Portal and registration application is submitted, an authentication link will be shared on mobile numbers and e-mail […]

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